HCI Group, Inc. (NYSE:HCI) Plans $0.40 Quarterly Dividend

HCI Group, Inc. (NYSE:HCI) announced a quarterly dividend on Friday, April 24th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.40 per share by the insurance provider on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th.

HCI Group has a dividend payout ratio of 10.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HCI Group to earn $17.88 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 8.9%.

HCI Group Stock Performance

HCI traded up $1.44 during trading on Wednesday, hitting $154.65. The company’s stock had a trading volume of 6,588 shares, compared to its average volume of 167,377. The business’s 50 day simple moving average is $157.17 and its 200-day simple moving average is $170.11. The firm has a market cap of $1.97 billion, a PE ratio of 6.81 and a beta of 1.09. HCI Group has a one year low of $136.37 and a one year high of $210.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. The firm had revenue of $242.88 million during the quarter, compared to the consensus estimate of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. As a group, sell-side analysts predict that HCI Group will post 17.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wall Street Zen cut HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings raised HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Citigroup reissued a “market outperform” rating on shares of HCI Group in a report on Friday, January 16th. Finally, Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $231.67.

HCI Group Company Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.